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Nonprofiteer
← CARL R FRAVEL MEMORIAL TRUST

Form 990 for tax year 2022

Filed by CARL R FRAVEL MEMORIAL TRUST.

Totals

Total revenue
$153,726
Total expenses
$533,028
Contributions and grants received
$195,000
Grants paid
$440,000
Program service revenue
$0
Investment income
-$41,274
Other revenue
$0
Total assets, end of year
$8,748,993
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,748,993
Program services expenses (Part IX)
$440,000
Management and general expenses
$93,028
Fundraising expenses
$0
Program service expenses (Part III)
$440,000

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $195,000

  • 3 · Investment income

    total $198,884 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $1,440,637

  • 7b · Less cost or other basis and sales expenses

    securities $1,680,795

  • 7c · Gain or loss

    securities -$240,158

  • 7d · Net gain or loss

    total -$240,158 · related or exempt -$240,158 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $440,000 · program services $440,000

  • 24a · Other expenses: ADVISORY FEES

    total $93,028 · program services $0 · management and general $93,028 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,002 · end of year $358,296

  • 12 · Investments: other securities

    beginning of year $9,123,293 · end of year $8,390,697

  • 28 · Net assets with donor restrictions

    beginning of year $9,128,295 · end of year $8,748,993

Mission and programs · 2022

Mission

TO PROVIDE PERPETUAL GRANTS TO NAMED 501(C) 3 ORGANIZATIONS AS PER THE WILL OF CARL R FRAVEL.

  • TO PROVIDE PERPETUAL FUNDING FOR SPECIFIC 501(C) 3 ORGANIZATIONS AS STATED IN THE WILL OF CARL R FRAVEL.

    Expenses $440,000 · Revenue $195,000

As filed on the 2022 return.

Listed in Part VII

  • Micheal McGinty

    TRUSTEE

    Total calculated
    $29,609
    From this org
    $0
    From related orgs
    $0
    Other
    $29,609
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349301020

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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